What is the interest rate of Huabei installment?

The annual interest rate of Huabei installment is 4.84%. The calculation method is the installment amount × the number of installments × 0.0004. The installment interest is paid in installments and there is no interest-free period. Factors that affect installment interest include: installment amount and number of installments. Late repayment will result in liquidated damages. Installment interest cannot be paid with Huabei credit.

Huabei installment interest

The interest rate of Huabei installment is four ten thousandths, which is the annualized interest rate 4.84%.

Calculation method of installment interest rate

The calculation method of installment interest is as follows:

Total installment interest = installment amount × number of installments × installment interest rate

For example, if you pay a consumption of 5,000 yuan in 6 installments, then the total interest in the installments is:

Total interest in the installments = 5000 × 6 × 0.0004 = 12 yuan

Payment time of installment interest

Instalment interest must be paid together with the monthly repayment date.

Interest-free period for installment interest

There is no interest-free period for Huabei installment, and interest will be calculated from the date of installment.

Factors affecting installment interest

Instalment interest is not affected by Huabei quota, transaction amount, transaction type and other factors.

Notes

• Instalment interest is calculated on a daily basis. Regardless of whether you repay in advance or delay repayment, interest will be calculated based on the actual number of days of use. .
• Late repayment will result in liquidated damages, and the specific amount is calculated based on the number of days overdue.
• Huabei installment interest cannot be paid with Huabei credit, but can only be paid with balance, debit card or credit card.

The above is the detailed content of What is the interest rate of Huabei installment?. For more information, please follow other related articles on the PHP Chinese website!